Online accounting software maker Xero has partnered with expense reporting application company Expensify, effectively integrating Expensify’s expense report data directly into Xero’s accounting platform.
The partnership is aimed at assisting small businesses, bookkeepers, accountants and finance departments and designed to help users organize and manage expenses ad receipts using line-item transaction data from their credit cards and bank account statements.
The Xero and Expensify integration has been in beta and will officially launch at Xero’s partner event Xerocon on September 4.
“Expensify has resolved the inconvenience of traditional expense reports with a simple, effective cloud service,” said Xero U.S. president Jamie Sutherland. “In a financial landscape filled with old school legacy players, Xero and Expensify are taking financial management, expense reporting and accounting to the next level: the cloud. For small businesses and their financial advisors, this means advanced, on-the-go and up-to-date financial analytics to help them move their business forward.”
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